Smithfield Foods, Inc. (NASDAQ:SFD) Shareholders to Receive $0.31 Quarterly Dividend

Key Points

• Smithfield Foods declared a quarterly dividend of $0.3125 per share, payable November 25 to shareholders of record on November 12. The dividend implies an annualized payout of $1.25 and a 6.7% yield.
• The dividend appears covered by earnings, with a current payout ratio of 54.3%; however, analysts’ projected earnings imply a higher future payout ratio of 83.3%.
• Smithfield reported quarterly EPS of $0.26, slightly beating estimates, while revenue fell 8.3% year over year to $3.44 billion. Shares opened at $18.55, near their one-year low of $17.91.

Smithfield Foods, Inc. (NASDAQ:SFD - Get Free Report) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.3125 per share on Wednesday, November 25th. This represents a $1.25 annualized dividend and a yield of 6.7%. The ex-dividend date is Thursday, November 12th.

Smithfield Foods has a payout ratio of 54.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Smithfield Foods to earn $1.50 per share next year, which means the company should continue to be able to cover its $1.25 annual dividend with an expected future payout ratio of 83.3%.

Smithfield Foods Stock Performance

Shares of SFD opened at $18.55 on Friday. Smithfield Foods has a 1 year low of $17.91 and a 1 year high of $29.81. The firm has a fifty day moving average of $19.83 and a 200-day moving average of $24.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.34 and a current ratio of 2.39. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 7.86 and a beta of -0.41.

Smithfield Foods (NASDAQ:SFD - Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.01. The business had revenue of $3.44 billion for the quarter. Smithfield Foods had a return on equity of 13.41% and a net margin of 5.94%. The business's revenue was down 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 EPS. As a group, equities analysts anticipate that Smithfield Foods will post 1.77 earnings per share for the current year.

Smithfield Foods Company Profile

Smithfield Foods, Inc is a food company engaged in pork production and the manufacture and sale of packaged meats. Its operations include hog production, fresh pork processing, and the preparation of bacon, ham, sausage, hot dogs, deli meats and other ready-to-cook or ready-to-eat products.

The company sells products under brands that include Smithfield, Eckrich, Nathan's Famous and Farmland, as well as through private-label and foodservice channels. Its products are distributed through grocery retailers, restaurants, foodservice operators and other commercial customers in the United States and international markets.

Founded in Smithfield, Virginia, in 1936, Smithfield Foods expanded through acquisitions and became one of the world's largest pork processors and hog producers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.